A loan to buy more necklaces

Ronald

Berekum, Ghana

100% repaid

Entrepreneur

Name

Ronald

Member since

July 2017

On-time repayments

52 installments  •  96%

About Me

My name is Kyere Ronald Yaw from Bechem in the brong ahafo region.I am twenty four years of age. I have completed senior high school last two years. I am in a family of five. My parents, two brothers and I.
Am the second daughter of my parents. The food l like best is fufu and okro soup. I like playing football. This is because playing football gives me strength.

My Business

When I completed senior high school, I opted into selling of provisions. This was because there was nobody around to help me since I lost my parents. I started with a capital of two hundred dollars. I used that amount to buy products such as :toffees, biscuits, mineral water, mineral drinks, soap, sugar, Milo, coffee, bread and many more.
Within a shortest possible time, I got a profit of one twenty dollars. I used some of the profit to cater for my junior brother who is in school. I decided to help him to school since i couldnt continued mine. I bought different items to feed my store.
I also use some to help to support my family.

Loan Proposal

I first of all thank all my lenders for their great support as far as my last loan is concerned. The loan I was given, it has helped me a lot .I have manage to get some huge profit from it.
I have used some of the profit to help two of my family members education.
My work is very lucrative. A lot of people patronage my products here. Because of that I want to buy more products to feed my store for this Christmas.
These are some of the items I want to buy.:five bags of gari($48), six bags of sugar($120),hundred boxes of biscuit ($50),twenty sackets of toffee ($15),ten tin of Milo (56),five sackets of balloon($20) and many more items.
If am able to buy these products,I hope will be in a better profit .I believe my profit margin will increase from the hundred plus to two hundred plus.
I will be in a good position to repay the amount from my sales.
THANK YOU.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$494.00

Date disbursed

Dec 28, 2017

Repayment status

On Time

Projected term

10 months

Lenders

Paul Buchheit

Mountain View, United States

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